Nigeria’s Music Industry is “Raking in Billions Every Year”- Sound Sultan

One of the nation’s renowned pop artists, Sound Sultan, on Friday disclosed that there is lots of money to be made from the Nigerian entertainment industry.

The multi-talented artiste hinted that the financial potential of the industry were non-quantifiable, finance wise.

“I’m very happy that this industry has gradually taken its rightful position. It is quite remarkable that the sector is such a bankable industry. I’m sure in the music industry we are raking in billions every year, which is not a joke.The music industry I knew way back was struggling. It was not even considered in the scheme of things.We were just there, trying to break through to the ears of the people in Nigeria. We were competing with foreign content massively– the foreign content was 80 per cent, and we were 20 percent. Now, even parents are advising their kids to go into music. They now understand that music is a business. It is a multi-billion dollar business that you can’t even joke with,’’ he said.